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Indian Hospitality Sector

Tourism has a multiplier impact on the economics and is a big employment generator, Finance Minister Arun Jaitley said while presenting the Union Budget 2017-18. The Ministry of Tourisms advancement oriented policies has given a boost to tourism in India within the interval of last 2 years. Foreign Tourist percent during the period January Nov, 2016 have been 7.8 million with an increase of 10.4 percentage as when compared to Foreign Tourist Arrivals of 7.1 million with an increase of 4.7% in January- Nov, 2015 over January- Nov, 2014. 2Tourism is also accountable for massive inflows of foreign currency. The Foreign Exchange Earnings from tourism have been USD 21 billion during January Nov 2016, a sharp increase of 14.7% from last year.

Due to the authorities proactive role in encouraging hospitality and tourism sector, India became probably the most commonly desired travel destinations on the planet. To further push the holistic growth of the business and to generate opportunities for investments, the MoT in cooperation with a few other ministries has established schemes these as Swadesh Darshan, National Mission for the Rejuvenation and Spiritual Augmentation and e Tourist Visa .Under the electronic Tourist Visa facility, 161 states are now covered. Together with such attempts, there was a PRASAD intends to focus on the integrated growth of 25 religious websites. A spending budget USD 51 million USD were allocated towards this.

6 7. The Union Budget 2017-18 has made various provisions for the business like a Special Purpose Vehicle driven five Special touristic zones also next phase of the Incredible India campaign for the business. A rise in the number of domestic tourists is going to be a major increase driver in the tourism and hospitality business in India. The Domestic Tourist Visits registered an increase of 12% in 2016 if compared to 2014.9 Indias various climatic zones, biodiversity, wide land and cultural diversity is playing a substantial role in complementing the increase of tourism within the country. In cooperation with the Ministry of Foreign Affairs, the government has simplified the visa process for tourists. 10 A special visa class called Medical Visa also Medical Attendant Visa has been created to facilitate the entry of medical tourists in India. 11To fully utilize potential of medical and health tourism, National Medical also Wellness Tourism Board has been formed. Rural areas are undergoing a transformation in their infrastructure so the tourism industry reaches more portions of the nation also the local community benefits economically as well as socially.



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